This Week’s Money & Happiness Quotes to Live By

Every now and then we will be posting some of  our staff’s favorite money related quotes to live by! Without further ado, this week’s quotes:

Debt

• “Never spend your money before you have it.” -Thomas Jefferson
• “This would be a much better world if more married couples were as deeply in love as they are in debt.” -Earl Wilson
• “When a man is in love or in debt, someone else has the advantage.” -Bill Balance
• “It is poor judgment to countersign another’s note, to become responsible for his debts.” -The Bible
• “Youth is in danger until it learns to look upon debts as furies.” -Edward G. Bulwer-Lytton
• “Debt, n.  An ingenious substitute for the chain and whip of the slavedriver.” -Ambrose Bierce
• “I say to you never involve yourself in debt, and become no man’s surety.” -Andrew Jackson

Frugality

• “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and with them everything.” - Benjamin Franklin
• “Without frugality none can be rich, and with it very few would be poor.” - Samuel Johnson
• “Buying cheap is expensive” - My friend’s grandmother on the differences between cheap and frugal

Today’s Personal Finance Blog Highlights

We here at Thisiswhyubroke, are huge fans of the personal finance blog scene and think you should be too. For this reason, we’re providing a couple highlight from some of our recent favorite PF blog posts from around the net:

In Search of Hotel Bargains

Broke Because You Bought too Much Crap?

You know the Homie Craig Has This List…
Ok responsible people, today’s tip on becoming financially successful involves de-cluttering our lives. Society/advertising has influenced us to think most of the things we own are “necessities” when in fact, should we force ourselves to cut back on them or cut them out completely, we often discover we are much more happier without them. Ontop of that, when we begin to change our mindsets on the amount of crap we acquire, we also discover we have so much more money left in our monthly budgets!

As an exercise for the rest of the week (through Sunday) I would like each of you

Want to be a Millionaire? Just Save $10 a Day!

Are you somewhere between the ages of 25-35 and have yet to start a serious retirement plan? Maybe you haven’t started an IRA or taken advantage of your company’s 401k because you can’t ever save enough for it to be worth it? Well I’m here to wake you up. By saving JUST $10/day, every day, you could be sitting on $1,190,736.73 by the time you are retired. Don’t believe me?

This Week’s Money & Happiness Quotes to Live By

Every now and then we will be posting some of  our staff’s favorite money related quotes to live by! Without further ado, this week’s quotes:

Frugality

• “I am indeed rich, since my income is superior to my expenses, and my expenses are equal to my wishes. ” -Edward Gibbon
• “A table, a chair, a bowl of fruit and a violin; what else does a man need to be happy?” -Albert Einstein
• “He is richest who is content with the least, for content is the wealth of nature.” -Socrates

The Last Time I Bought Cologne Was Three Years Ago

The last time I bought cologne was three years ago/Pimp the system or let the system pimp you
(warning: real cheapery below lol)

Contrary to popular belief, you can get pretty much anything you want today or in the future, for free. The key is to figure out what exactly you want and figure out which company/store wants you to have more of it bad enough. Once this is done, you’ll find that the greed in many of these companies causes them to have exploitable workarounds or huge glitches in their matrices. The following are just a couple…please feel free to add any additional ones you’ve found:

Sephora – Sample bottles of cologne and perfume may not be a revolutionary concept. However, with the prices of stank a$$ fragrances averaging around $40-$65 in a recession….and for it being a bottle of something you thought you liked when you smelled it at the store…they become even that much more helpful. The workaround- simply tell the Sephora employee that you are having a hard time deciding between x cologne/perfume and y cologne/perfume or that you want to make sure it smells the same after a prolonged period of time. Ask for a sample bottle of both…then hit up the next Sephora across the street for two more.

44 Ways to Ruin Your Financial Life By Age 30

One  of  our staff’s websites, Frugaldad.com,  provides a list of 44 ways to ruin your financial life by age 30. Some of our favorites are below:

1. Take out three times as much in student loans as your first year’s salary. I’m all for following your passions, but if your passion only pays $35,000 a year, please reconsider borrowing $100k to get the required degree. Here’s more from a couple that owed more than $100,000 in student loans.